Will Mark Cuban Invest in This New Eco-Friendly Crypto After KlimaDAO Crashes?
In 2021, Cuban took advantage of the volatile crypto markets by diving into the climate-centric crypto project KlimaDAO and subsequently selling it for profit, as reported by Protos. Since then, the project's native token, KLIMA, has plummeted by over 99% and nearly 30% in the last 30 days.
KlimaDAO made its debut in the public crypto markets in October 2021, accompanied by ambitious goals, determination, and tenacity. Klima is currently included on the Mark Cuban Companies website and is characterized as a cryptocurrency supported by voluntary carbon offsets.
Klima forked the controversial Polygon-powered OlympusDAO to initiate the project. OlympusDAO has been widely regarded as somewhat of a Ponzi scheme, and Klima similarly flaunts a collection of interrelated tokens with unstable values, driven by intricate and obscure processes dependent on contributions to its treasury.
As KlimaDAO's founders remained anonymous, questions about transparency and trustworthiness along with many causes for skepticism arose as well.
In contrast, ecoterra steps up to the plate with a clear vision and an open team. Mihai Ciutureanu, ecoterra's CEO, is transparent about the company's strategy and goals, fostering trust among potential investors.
With an interest in green-marketed cryptos such as KlimaDAO, Cuban clearly sees the potential of such projects as investment opportunities, but the question is, is it possible he might invest in another project that has a better story that's backed by a more transparent business model?
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While KlimaDAO's downfall left some investors feeling burned, ecoterra offers a fresh start for those wanting to invest in a legitimate project that is both tapping into the demand for green
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